Silver (XAG/USD) prices traded in a tight range around $36.50 during European trading hours on Wednesday (6/11). The white metal consolidated as investors await the US Consumer Price Index (CPI) data for May, due to be released at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The scenario of rising...
EUR/USD has fallen to just above 1.1400 on Wednesday, as the US dollar strengthened following headlines that US and Chinese representatives have reached a framework to reduce trade tariffs. The deal must now be approved by US President Donald Trump and Chinese Premier Xi Jinping, and details are scant, leading to a lukewarm market reaction so far. Investors greeted the news with skepticism, as it leaves tariffs in place, albeit at a lower level, and offers little assurance about their sustainability. The currency pair's reaction remained confined to the same range between 1.1375 and 1.1455...
USD/CHF offered the latest gains recorded in the previous session, trading around 0.8220 during European hours on Wednesday (6/11). However, the pair may regain some ground as the Swiss Franc (CHF) may weaken on weaker haven demand, driven by improved risk sentiment amid easing tariff tensions between the United States (US) and China. US Commerce Secretary Howard Lutnick suggested, on Tuesday, a potential resolution with China, noting that the two countries have reached a framework to implement the Geneva Consensus. Meanwhile, Chinese Vice Commerce Minister Li Chenggang said that the...